As It Faces Global Backlash, Facebook Reports Strong Earnings
Company Faces Scrutiny In India Where Hate Speech Flourished
October 28, 2021—The backlash against Facebook's policies continued to make waves internationally this week. But even as the trove of internal documents leaked by whistleblower Frances Haugen reached more journalists, none of that showed up on the company's balance sheet.
Strong Profits
This week the social networking site declared strong earnings growth and a larger user base. According to the company's reporting, the platform's daily active users increased by a solid 6 percent, year over year, reaching close to 2 billion people. Furthermore, the company's revenue increased 35 percent, from $21 billion in 2020 to $29 billion in 2021. Also, its net profits increased 17 percent, from $7.8 billion to $9.2 billion...